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India’s green hydrogen push enters a reality check phase: From supply ambition to demand discovery

India’s green hydrogen push shifts from ambitious supply expansion to a tougher phase where demand gaps, cost pressures, and infrastructure realities begin shaping its trajectory

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India’s green hydrogen push is entering a reality-check phase, where demand uncertainty and cost challenges are reshaping its trajectory. While decentralised, industry-linked projects like Waaree’s move forward, large infrastructure plans face delays. The sector is shifting from supply-driven ambition to demand-led growth, with economics now determining the pace and scale of transition.

India’s green hydrogen narrative is beginning to shift in a subtle but important way. What started as a policy-driven supply push—anchored in ambitious production targets and export aspirations—is now entering a more grounded phase where demand, pricing and industrial viability are taking centre stage.

Recent developments suggest that the sector is no longer being shaped merely by announcements, but by harder economic questions around who will buy green hydrogen, at what price, and under what conditions. 

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